You know, I have come to realise I'm excellent at entries, and terrible at trade management or higher time frame projections.
If I just use my day trading and entry skills, I can probably make a lot of money. Time and again I enter amazing trades that run RR 5:1, 10:1 and I expect more.... then it reverses. Now my confidence is shot, despite all the great calls and great entries I have made over time.
I went to practice account for a week, to build confidence. I made 110% in a week, only risking 2% at a time, 33 trades, 60% wins.
The next week I went to normal account, if I had stuck to my plans for each trade instead of freaking out due to the above confidence issues, I would have made another 90%. There was one day last week I entered trades that I then shook myself out of, or 2 trades I was watching but didn't take. Would have been 50% in a day. Only ever 2% risk...
So, my "conservative" goal for the next 6 months is - To be bloody patient, to rebuild my confidence slowly, and only ever take the absolute clearest trades and hold to target or to SL, or to the "get out" scenario I plan in advance. And... to try to make a "conservative" 10% a week instead of constantly expecting the amazing RR I know I can get. Sound stupid I know, but honestly 10% sounds like a small amount to me for some reason! Every day the market offers 5:1, 10:1 several times across many assets for a scalper.
Maybe on day I can return to that style of trading to try to net the stupid profits, but my mindset is totally broken from the multiples of reward that I "missed out" on due to missing trades or getting just stopped out before big moves. Honestly I can't tell you how hillarious this year has been in just how close I was to making 10x in my account and the psych game just ruined all
thanks for reading, I'll report back in 6 months with my results haha